(1)In this Chapter “authorised unit trust” means, in relation to an accounting period, a unit trust scheme in respect of which an order under section 243 of FISMA 2000 is in force during the whole or part of the period.
(2)In this Chapter “unit holder” means a person entitled to a share of the investments subject to the trusts of a unit trust scheme.
(3)Subsections (1) and (2) are subject to section 619 (umbrella schemes).